Nebula Research & Development LLC Purchases 11,464 Shares of Agnico Eagle Mines Limited $AEM

Nebula Research & Development LLC grew its holdings in Agnico Eagle Mines Limited (NYSE:AEM) (TSE:AEM) by 69.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,877 shares of the mining company’s stock after buying an additional 11,464 shares during the quarter. Nebula Research & Development LLC’s holdings in Agnico Eagle Mines were worth $3,315,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in AEM. Ameritas Advisory Services LLC acquired a new position in Agnico Eagle Mines in the second quarter worth about $25,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Agnico Eagle Mines during the second quarter valued at approximately $29,000. City State Bank grew its stake in shares of Agnico Eagle Mines by 69.2% in the 2nd quarter. City State Bank now owns 269 shares of the mining company’s stock valued at $32,000 after purchasing an additional 110 shares during the period. Costello Asset Management INC raised its holdings in shares of Agnico Eagle Mines by 2,166.7% in the 2nd quarter. Costello Asset Management INC now owns 340 shares of the mining company’s stock worth $40,000 after buying an additional 325 shares in the last quarter. Finally, Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Agnico Eagle Mines during the 2nd quarter worth approximately $41,000. 68.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AEM. Wall Street Zen lowered Agnico Eagle Mines from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 30th. Jefferies Financial Group set a $189.00 price objective on shares of Agnico Eagle Mines in a research note on Sunday. UBS Group boosted their target price on Agnico Eagle Mines from $180.00 to $190.00 and gave the stock a “neutral” rating in a report on Monday, December 1st. Scotiabank restated an “outperform” rating on shares of Agnico Eagle Mines in a research report on Thursday, October 23rd. Finally, CIBC lifted their price target on shares of Agnico Eagle Mines from $165.00 to $231.00 and gave the stock an “outperformer” rating in a research report on Friday, October 10th. Six research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $201.60.

Agnico Eagle Mines Trading Down 1.2%

NYSE AEM opened at $164.21 on Thursday. Agnico Eagle Mines Limited has a one year low of $76.91 and a one year high of $187.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.12 and a quick ratio of 1.31. The firm has a market cap of $82.37 billion, a P/E ratio of 23.97, a P/E/G ratio of 0.61 and a beta of 0.64. The stock’s 50-day moving average is $166.77 and its 200-day moving average is $144.76.

Agnico Eagle Mines (NYSE:AEM) (TSE:AEM) last posted its earnings results on Wednesday, October 29th. The mining company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.40. Agnico Eagle Mines had a return on equity of 15.64% and a net margin of 32.62%.The business had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $2.93 billion. During the same period in the prior year, the business earned $1.14 EPS. Sell-side analysts anticipate that Agnico Eagle Mines Limited will post 4.63 earnings per share for the current fiscal year.

Agnico Eagle Mines Company Profile

Agnico Eagle Mines Limited, a gold mining company, exploration, development, and production of precious metals. It explores for gold. The company's mines are located in Canada, Australia, Finland and Mexico, with exploration and development activities in Canada, Australia, Europe, Latin America, and the United States.